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Neil Hahn Comment On Regulatory Notice 22-08

I am very concerned that I have heard that regulators are contemplating putting new requirements on individuals that want to invest in leveraged or inverse funds. I am an investor that has been investing in various stock, mutual funds, and ETFs for over 50 years. The advent of leveraged and inverse funds through the use of ETFs has greatly enhanced my capability to improve my investment returns. Prior to the advent of these vehicles, I was happy to have returns of 5% or 10% a year. Since including them in my investment strategies, my returns have increased to well over 25% per year.

Neal Frederick Comment On Regulatory Notice 22-08

This is proposal is another fine example of government intervention where none is needed. I know that this proposal is written by special interest groups driven by their profit motivation not for the best interest of the public. No one is going to invest in a leveraged fund unless they know what they are investing in. In no way should regulations require that investors go through any special process like passing a test before investing. This fund is an important component of my investment strategy, and I am fully aware of the downside risk.

Chris Ferguson Comment On Regulatory Notice 22-08

I feel very strongly that I, as an everyday investor, should be allowed to invest freely without overreach. Leveraged and inverse funds are very important in day to day investing and are not too complicated for anyone to understand. Leveraged and inverse funds are excellent at protecting my assets or enhancing my returns in a good economy. I feel that only allowing some individuals to invest while limiting others would also be an unfair advantage to more affluent classes.